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Such a Coincidence in Meme Coin Investment: Made 170x with the Elon Musk Effect! - Coin Bulletin
The movement in Elon Musk's X profile paves the way for an investor to make substantial gains.
According to Lookonchain data, a rare event occurred in the cryptocurrency world. An investor bought 18.15 million KM (Kekius Maximus) by spending only $4,360 on December 30th. However, this seemingly ordinary transaction ended with a big surprise.
Hours after the investor's purchase, Elon Musk changed his social media profile name to 'Kekius Maximus.' This move increased KM's value by approximately 17,000%, multiplying the investor's assets by 170.
The aforementioned 18.15 million KM is now worth approximately 638,000 dollars.
This incident raised questions of whether the investor made a lucky guess or had insider information. Musk's impact on social media and the sudden price fluctuations he caused in the cryptocurrency market once again drew attention.
Crypto investors point out that such sudden market movements carry high risk and reward potential. At the same time, such situations also bring allegations of market manipulation.